Investindustrial Emerges As Top Suitor For Aston Martin: Report

Aston Martin appears one tep closer to a change in ownership, with London-based Investindustrial SpA reportedly emerging as the most likely suitor.

This news follows a recent counter-bid from Indian giant Mahindra, which, according to Times of India, has now been withdrawn.

A new Bloomberg report suggests that Investindustrial’s bid is nearing approval, though a final agreement is yet to be signed.

The size and value of the stake involved remains unconfirmed, but previous reports have suggested Investindustrial has bid US$400 million (AU$381 million) for a 50 percent share in the British marque.

Current majority shareholder Investment Dar owns 64 percent of Aston Martin, this share costing US$800 million (AU$762 million) when it took control in 2007.

The report adds that Aston Martin’s current total worth has been valued at US$1.2 billion (AU$1.14 billion), including debts.

Investindustrial’s bid is said to include a technical partnership with Mercedes-Benz’ AMG performance arm - a deal that could help Aston compete with the likes of Ferrari and Lamborghini.

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